Apology could free Libyan-held ICC team: Australia

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Spanish stocks down, bond jitters return

MADRID (AP) ? Spanish markets failed to benefit from any improved sentiment generated by a victory for pro-bailout parties in Greece Monday as its stock markets fell and its borrowing costs increased to dangerously high levels.

About hour into Monday morning's trading session saw the Ibex-35 stock index down about 1 per cent on Friday's close. It had opened about 1.5 percent higher.

The interest rate Spanish 10-year bonds ? a benchmark of market confidence in a country's ability to pay down its debt ? was first down nearly 7 basis points at 6.86 percent but has since risen and was at 6.94 percent, up seven basis points for the day.

That is dangerously close to the 7 percent rate considered by market watchers to be unsustainable over the long term and the point at which Greece, Ireland and Portugal sought a bailout.

Spain is a focus of fears it might be the next eurozone country to need a full bailout. The government is to announce this week how much of a ?100 billion fund it will tap to rescue banks that got burned when a real estate bubble popped.

Associated Press

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Surviving Bankruptcy And Getting A Good Deal On An Auto Loan

Surviving Bankruptcy And Getting A Good Deal On An Auto Loan

Author : Arlene Case

Submitted : 2012-06-17????Word Count : 433????Popularity: ??Not Rated

?? Author RSS Feed

It can be quite easy for one to get a car loan following a bankruptcy. Negotiate the best deal by taking control of your financial situation. With so many lending options available, you can choose your lender. Before anything else, build up your credit again. Then, look for car financing before you start shopping. Not only do you stand the chance of improving on your interest rate, you would be paying less overall for your automobile.

Check The Options For Yourself

Be wary of lenders who specifically target customers with lousy credit. Not only would they burden you with high interest rates, they'd give you car options out of your price range. Take the initiative to look for the best financing options instead of going this route.

If you do your own homework and shopping around, you could have a lot of choices. And since you would have cash to pay, you could get a better price and a more reasonable list of car choices. They won't suspect you once had filed for bankruptcy some time ago in the past.

Straighten Up Your Credit Report

Settling any existing bankruptcy needs to be done before even thinking of an auto loan. You can get a free copy of your report online to check that all qualifying accounts have been closed. Check your credit report to make sure you have an accurate payment history.

The FICO score, as you may know, is your credit score and can also be found on your reports. Most people who have filed for bankruptcy recently would have FICO scores below 550. After two years though, you can have a score over 650, qualifying for market rates.

Increase Qualification Factors

Filing for bankruptcy doesn't mean you're all out of options right then and there. A down payment of 20% or more is a good start, so is having little debt and cash reserves in the bank.

You can get lower rates or reduce them by being particular regarding the loan's terms and conditions. Compared to fixed rate loans, adjustable rate loans offer lower rates. A three year loan will also have lower rates than a five year loan.

Research As Much As You Could

The last way and possibly one of the best ways to save on your loan would be by researching. Compare rates and fees based on loan quotes. If you're at a loss, go online and visit any one of several auto loan broker sites.

Author's Resource Box

When you notice a squeak as you brake it may be time for Apex brake line repair.

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Carlotta kills 2, weakens to tropical depression

This image provided by NASA acquired Friday at 11 p.m. EDT shows Hurricane Carlotta slammed into Mexico's resort-studded Pacific coast late Friday, toppling trees and lashing hotels while authorities evacuated people from low-lying areas. The rapidly changing hurricane made landfall as a Category 1 storm near Puerto Escondido, a laid-back port popular with surfers, and is expected to push inland and northward in the direction of Acapulco. (AP Photo/NASA)

This image provided by NASA acquired Friday at 11 p.m. EDT shows Hurricane Carlotta slammed into Mexico's resort-studded Pacific coast late Friday, toppling trees and lashing hotels while authorities evacuated people from low-lying areas. The rapidly changing hurricane made landfall as a Category 1 storm near Puerto Escondido, a laid-back port popular with surfers, and is expected to push inland and northward in the direction of Acapulco. (AP Photo/NASA)

A fuel station's roof sits on the ground after being ripped off by Hurricane Carlotta along the Pacific coast in Puerto Escondido, Mexico, Saturday June 16, 2012. Carlotta arrived in Puerto Escondido as a Category 1 hurricane. Carlotta was downgraded to a tropical depression on Saturday as the system rapidly weakened after killing two young sisters in its march across southern Mexico. (AP Photo)

A store with a living space at the top lays in ruins after being damaged by Hurricane Carlotta along the Pacific coast in Puerto Escondido, Mexico, Saturday June 16, 2012. Carlotta arrived in Puerto Escondido as a Category 1 hurricane. Carlotta was downgraded to a tropical depression on Saturday as the system rapidly weakened after killing two young sisters in its march across southern Mexico. (AP Photo)

ACAPULCO, Mexico (AP) ? Carlotta was downgraded to a tropical depression on Saturday as the system rapidly weakened after killing two young sisters in its march across southern Mexico.

The National Weather Service's National Hurricane Center in Miami said Saturday that the government of Mexico had discontinued all watches and warnings for Carlotta, which reached hurricane strength on Friday. Earlier Saturday, the Miami center discontinued the hurricane warning that had been in effect from Salina Cruz to Punta Maldonado and the hurricane watch from west of Punta Maldonado to Acapulco.

Carlotta on Saturday pushed northward toward the resort city of Acapulco after making landfall near the Mexican beach town of Puerto Escondido in the southernmost part of Oaxaca state, where it toppled trees and shook tourist hotels.

"We don't care about the rain, we're going to have fun at the club," said tourist Alejandra Flores, who took a bus with a friend yesterday from Guadalajara to Acapulco. People in Acapulco were calm and dining in restaurants late Friday.

Earlier Friday, Carlotta had toppled billboards and shattered some windows in Puerto Escondido, a laid-back port popular with surfers, where it reached land as a Category 1 hurricane.

"The wind is incredible and the trees are swaying so much. A window just shattered," said Ernesto Lopez, a 25-year-old engineer who was visiting Puerto Escondido in Oaxaca state for a graduation.

Coral Ocampo, receptionist at the Hotel Careyes, said the wind tore down the skinnier palm trees and she asked guests to return to their rooms and stay there until the storm had passed.

Oaxaca's civil protection service said some roads near the resorts of Huatulco and Pochutla were affected by mudslides, and that authorities had opened emergency shelters and evacuated dozens of families from low-lying areas.

Civil protection service spokeswoman Cynthia Tovar said Saturday that two sisters, aged 13 and 7, died Friday in the Oaxaca state community of Pluma Hidalgo when a mudslide collapsed their home. The storm also washed out some coastal roads, leaving dozens of communities unreachable by land. Thousands of people throughout the state lost electricity and cellular phone service.

Carlotta had strengthened into a powerful Category 2 hurricane earlier Friday and forecasters had expected it to move northward, parallel to the coastline, possibly reaching Acapulco as a hurricane. But instead it moved inland and weakened.

By late Saturday morning, the system's maximum sustained winds were at about 35 mph (56 kph), and Carlotta was moving west-northwest at 12 mph (19 kph). It was centered about 50 miles (80 kilometers) north-northeast of Acapulco.

Ines Vos, a German who has lived on Mexico's coast for 22 years and now runs the Beach Hotel Ines in Puerto Escondido, said she had readied the hotel's generator and stocked up on gasoline and bottled water in preparation for the storm.

"In the morning, a lot of people left, they didn't want to stay because nobody knows how the roads will be" after Carlotta, said Vos, who lived through Hurricane Pauline in 1997. Pauline made landfall at Puerto Escondido with winds of 109 mph, killing at least 230 people along the Pacific coast.

The part of Oaxaca state and neighboring Guerrero state that the storm is passing over is full of mountainous terrain that can experience flash floods under heavy rainfalls. Officials warn that rains could still present a danger.

___

Associated Press writer Sayra Cruz contributed to this report from Oaxaca City, Mexico

Associated Press

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NY Fed: Manufacturing growth slowest since November 2011

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Liu Yang named as first Chinese astronaut in space

Liu Yang, a 33-year-old air force pilot, has been named by China as the astronaut set to become the Asian nation?s first woman in space when the Shenzhou-9 spacecraft blasts off on Saturday.

According to Chinese state news agency Xinhua, Liu will travel with two male astronauts, Jing Haipeng and Liu Wang, into orbit, where the Shenzhou-9 will dock with the Tiangong-1 space laboratory and the crew will carry out a number of experiments.

Launch time for China?s fourth manned space flight is set for 6.37pm local time (6.37am ET) on Saturday, from a space center in China?s northwestern Gansu province, CNN reported. If the manned docking is successful, China ? which aims to construct a permanent space base and send a manned mission to the moon ? will become the world?s third nation after the United States and Russia to complete such a procedure.

More from GlobalPost:?China names 2 women shortlisted for Shenzhou-9 space mission

A spokesman for China?s space program told Xinhua on Friday that Liu?s participation was expected to make the mission more efficient, as ?generally speaking female astronauts have better durability, psychological stability and ability to deal with loneliness.?

Liu was quoted by state broadcaster CCTV as saying that ?from day one I have been told I am no different from the male astronauts,? and that ?I believe in persevering. If you persevere, success lies ahead of you,? the BBC reported.?

More from GlobalPost: China to make manned space flight mid-June

http://www.globalpost.com/dispatch/news/regions/asia-pacific/china/120615/liu-yang-named-first-chinese-astronaut-space

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Video: Romney, Obama battle over economy

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